Posts by Alexander Jaffe

FHA 100 is a new loan program featuring a down payment assistance loan of 3.5% or 5% of the purchase price. This down payment assistance loan is used to cover the minimum 3.5% down payment on an FHA loan. This loan product is available throughout DC, MD, VA and NC.  This loan program involves two…

A home equity loan is a secondary mortgage behind your existing loan!  It allows you to cash out equity for a variety of purposes including financing renovations or consolidating higher interest rate debt. This loan is available on a primary or secondary residence.  Your existing mortgage plus the new home equity loan can finance up…

This program is eligible for loans closing up until 6/20/25 and thereafter it will be closed.   Our Community grant is paired with a conventional 30-year fixed mortgage, and is a $3,000-$5,000 grant depending on eligibility and income.  It’s available in MD, DC and VA. This grant may be used towards a down payment or…

Our new investor+ loan product expands access to financing for investors.  The key criteria and benefits are:   Available for both individuals and LLCs! Up to $1.5 Million loan amounts 20%+ down for 1-unit properties, or 25%+ down for 2-4 unit properties Starting at 660+ credit scores   This program is a conventional 30-year fixed…

Prepaying will cut down on life of loan interest and pay off your loan more quickly. That’s because interest is charged each month based on your outstanding balance.  And so by paying your balance down early, you’re making subsequent monthly payments allocate more to principal and less to interest.  Prepaying does not lower your monthly…